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Stop punishing success, Zo’s pricey lesson in socialism and other commentary

Cali watch: Stop Punishing Success

“California needs to roll back decades of control-freakery and abandon ongoing efforts to punish success,” thunders Reason’s J.D. Tuccille.

“Ever-higher taxes and always tighter regulations” have consequences: “lost jobs and a sluggish economy.”

A new report found that Cali’s share of the national economy has plunged from its 2021 peak and “is now stagnant at around 13.8 percent.”

And now the “exodus of high-income individuals has been accelerated by proposals for a 5 percent (and potentially higher) wealth tax”; “businesses are leaving along with people,” killing job growth.

Meanwhile, states with “lighter regulations, lower taxes, and greater affordability” have “become homes to people, employers, jobs, and prosperity.” Absent reform, Cali “will continue down the road of economic stagnation.”

More From Post Editorial Board

Hey, NYC Comptroller Mark Levine: Pension funds belong to taxpayers — not YOU

Mamdani still plans to unravel the NYPD — and with it, public safety

Supposed new Iran peace talks are looking more like a joke than a hope

From the right: Zo’s Pricey Lesson in Socialism

It took “decades to conclude that Marxist economics was more Groucho than Karl,” cracks The Wall Street Journal’s editorial board.

“Perhaps Mayor Zohran Mamdani’s experiment in socialism in New York City will shorten that instruction time.”

Indeed, “Groucho Marx........

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